I believe it’s important to read and take in perspectives that are different from your own. Everyone loves some confirmation bias — but it doesn’t help you become more informed. And more importantly it doesn’t help you see critical things that you might have missed out on.
So in the spirit of dissenting opinions, here’s a short article by Ray Dalio on why we’re not yet in a stock market bubble.
To me the key takeaway is that the broader market (assuming we return to growth) is while expensive, not historically so. But there definitely are well-documented pockets of the market that are extremely bubbly.
